Mergers and Acquisitions News - Xerox, HP, Schwab and Ameritrade - a podcast by WHRO Public Media

Last week, Xerox offered to buy Hewlett Packard. Which they turned down saying it was too low. Xerox countered, saying that if the HP board didn’t meet with them by the 25th, then they will begin a hostile takeover. HP again said no, daring Xerox to act. I suspect this is just negotiating. Meanwhile, Charles Schwab offered to take over TD Ameritrade. The market loved this, with the stock prices of both companies surging on the news. Schwab and other brokerage houses aren’t making any money since trade fees are low or nonexistent. Ameritrade brings complimentary business lines and the possibility of cutting overhead in half. One challenge is forty-three percent of Ameritrade is already owned by a Canadian bank.

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